Chimera Going For More Capital (CIM, NLY)
Chimera Investment Corporation (NYSE: CIM) has filed with the SEC to raise up to $345,000,000 in new capital via the sale of common stock. Concurrent with this offering, the company will sell shares of…
Banking, finance, and taxes
All Banking, finance, and taxes Articles
Newest first · Page 282With No US Investors, Sovereigns Get Ready To Pour More Cash Into Financials (C)(MER)
If US financial companies go shopping for more cash as the credit crisis drags on, Kuwait wants the world to know it has a big bank account. A good deal might just pull some…
MarketAxess Scores on Cap Raise (MKTX)
MarketAxess Holdings Inc. (NASDAQ: MKTX) has raised some $35 million from Technology Crossover Ventures. The financing involves the sale of preferred stock and warrants at a conversion price of $10.00 per share, which is…
Lehman (LEH): Another Financial CEO In Trouble (C)(MER)(WB)
After indicating that the worst was behind it, Lehman (LEH) may have to raise another $3.4 billion. That would be an indication that the brokerage will lose much more than expected in the second…
S&P Knocks the Banks, Again (LEH, MER, MS, BAC, JPM, C, WB)
Standard & Poor’s has come out with a report that is actually weighing down on the entire market even though it is sector specific. The ratings agency has cut ratings on several major brokers…
Wachovia’s (WB) CEO Walks The Plank, Morgan, Lehman May Be Next
Billions of dollars in losses and a falling stock price can cost a CEO his job. Wachovia (WB) announced today that its current Chairman, Lanty Smith, has been appointed interim Chief Executive Officer, succeeding…
Driving Banks Out Of Complex Securities
Central banks are sick of big banks losing money by putting cash into instruments which are poorly understood and financially dangerous. So, why not may it extremely expensive to buy them? According to the…
Moody’s (MCO) Egg-Heads Say Ambac (ABK) And MBIA (MBI) Are Junk
Moody’s (MCO) primary ratings unit gives Ambac (ABK) and MBIA (MBI) "Aaa" ratings. Those ratings were in trouble, but when the two companies raised capital, they kept their Good Housekeeping seals. It turns out…
10-Year Treasury Yield Back Above 4%
The 10-Year Treasury Note has crossed back above the 4.00% mark today. According to our data, the last time rates flirted with 4.00% on the 10-year treasury note was on May 14, 2008 when…
Short Selling: Trouble Brewing In Online Brokers? (AMTD, ETFC, SCHW)
Short sellers TD Ameritrade Holding Corp.(NASDAQ: AMTD), E*TRADE Financial Corp. (NASDAQ: ETFC), and Charles Schwab Corporation (NASDAQ: SCHW) look like a mixed bag on the surface, but the trends in two of the three…
Prospect Capital, Goes Prospecting For Capital (PSEC)
Prospect Capital Corporation (NASDAQ: PSEC) has announced a public offering of 3 million shares of common stock, and Prospect will grant the underwriters a 30-day option to purchase up to an additional 450,000 shares…
Banking’s Miracles Of Lourdes: HSBC Calls For Higher Interest Rates
The head of HSBC (HBC) had an epiphany. Unlike most bankers who constantly advocate lower interest rates, the head of Europe’s largest firm thinks rates must go higher. Michael Geoghegan, CEO of HSBC, told…
UBS (UBS): Another Red Flag For Banking
With all its bleeding and huge losses, Wall St. should assume that the bad news is behind UBS (UBS). To repairs its balance sheet, the Swiss firm is making a 16 billion-franc rights offering.…
Buffett Savages Banks Over Credit Crisis
Who is to blame for the subprime mortage mess which has effectlively locked up much of the global credit markets and pushed the US economy into recession. It is the banks. Period. If they…
As UBS (UBS) Gives Away The Farm, US Banks Look Very Expensive (C)(JPM)(GS)(MER)
UBS (UBS) had to raise money. The sins of its subprime addiction have come back to haunt it. US bank shareholders should shudder when they look at the pricing that the Swiss bank had…